Shock cooking oil ban by major exporter threatens to push up global food costs

The ubiquitous use of edible oils in most foodstuffs could well be a thorn in the side of global food inflation for a long time to come

The world’s biggest shipper, Indonesia, will halt some cooking oil exports from this week after a domestic shortage led to street protests over high food costs. 

Indonesia’s shock move to ban exports of cooking oil will reverberate across the world, threatening to push up costs for the likes of Nestle and Unilever and heightening concerns about food inflation.

The world’s biggest shipper, Indonesia, will halt some cooking oil exports from this week after a domestic shortage led to street protests over high food costs.